The IPO values the delivery firm at $9.9 billion. Instacart starts trading Tuesday on the Nasdaq under the ticker CART.
Instacart priced its IPO at $30 a share late Tuesday, at the upper end of its expected range, a sign of investor appetite for new offerings.
Instacart is one of the year’s most hotly watched IPOs, following the listing of chip designer Arm Holdings last week. Taken together, they are expected to crack open the window for the IPO market, which has stayed rather dull for most of the year. Klaviyo, a marketing software company, is also set to come public this week.
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Instacart Prices IPO at $30 a Share, at Top End of ExpectationsThe grocery-delivery company is valued at nearly $10 billion ahead of its long-anticipated public-trading debut Tuesday.
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